UK economy assessments should be cut to one a year, IMF suggests
25d ago
Business
BBC Business
The International Monetary Fund (IMF) has recommended that the UK reduce its economic assessments to once a year. Currently, the UK undergoes multiple assessments annually. The IMF argues that this change would alleviate pressure for frequent policy adjustments, potentially fostering greater economic stability and a more consistent approach to fiscal and monetary policy. The suggestion comes as the UK grapples with ongoing economic challenges and seeks to establish a more predictable economic framework. The IMF's proposal aims to streamline the assessment process and allow for more considered policy decisions.